Western Digital To Provide Strategic Update At 2016 Investor Day
IRVINE, Calif. – Dec. 6, 2016 – Western Digital Corp. (NASDAQ: WDC), a world leader in storage technologies and solutions, will hold its Investor Day today, where senior leadership will detail progress of the company’s ongoing transformation, strategy and business model to address unabated data growth with its unique and differentiated platform. The company will also demonstrate new flash- and disk-based technologies and products at the event, including a 12TB Helium HDD, high-performance SSDs for data center applications and a 256GB commercial microSD card using 3D NAND. The presentations will be webcast live and a recorded archive will be available beginning later in the day on December 6 at investor.wdc.com.
Western Digital has leveraged the strengths and resources of legacy HGST, SanDisk® and WD® to create a powerful platform for growth and long-term industry leadership. The strategic platform is aligned with the company’s vision for the continued, rapid expansion of the data ecosystem and the increasingly valuable role data plays for both businesses and consumers. With leading portfolio breadth and capabilities across the full spectrum of flash and disk-based technologies, Western Digital is uniquely positioned to deliver the possibilities of data. The company continues to drive leading innovation across the storage ecosystem, from advanced flash and HDD technologies to a broad spectrum of client devices and solutions, as well as powerful systems for cloud-scale data centers.
“We are pleased to host the investment community for a strategic update on our core business and growth opportunities, and for a discussion on how we continue transforming our capabilities to expand our strategic role in the storage ecosystem,” said Steve Milligan, CEO, Western Digital. “Western Digital has built a powerful strategic platform with growth drivers and unique competitive advantages that will allow us to expand the value we deliver to customers and strengthen our long-term leadership position in the storage industry.”
Today the company will reiterate that its transition to 3D NAND technology continues to progress as planned. SanDisk Edge™, a commercial grade microSD™ card leveraging 3D NAND storage technology will be displayed at the event and is currently shipping to OEM customers worldwide in capacities up to 256GB. The card is designed for OEM use in surveillance and dash cameras, drones and other commercial applications requiring the higher capacities 3D NAND technology helps enable, and can store nearly 60 hours of Full HD video.
In a separate announcement, the company introduced new high-performance SSDs for the data center, as well as new HDD device capacities. Achieving random-read performance of up to 1.2 million IOPS, the HGST-branded Ultrastar® SN200 Series NVMe PCIe SSD, as well as the company’s fastest and highest capacity SAS SSD to date, the 7.68TB HGST-branded Ultrastar SS200 SAS SSD, are currently shipping to select OEM customers. For the capacity data center market, the company is now sampling its new, helium-filled 12TB HGST-branded Ultrastar He12 PMR hard drive with select cloud and hyperscale customers. In addition, the company will be extending its helium-based lineup with a 14TB model, which deploys Shingled Magnetic Recording (SMR) technology to achieve the new maximum capacity. The 14TB drive is currently being sampled with select customers. More than 12 million HelioSeal™ helium hard drives have been shipped to date.
Leveraging the company’s unique expertise in high-performance, high-capacity flash technologies, the company also revealed in a separate announcement a new, ultra-performance flash platform technology. For “fast data” cloud-scale applications and utilizing industry-standard NVMe SSDs connected to multiple servers via PCIe in a 2U rack, Western Digital has achieved 18 million IOPS – the highest performance per rack unit in the industry. The company said this all-flash platform would be made available in the first half of calendar 2017.
About Western Digital
Western Digital is an industry-leading provider of storage technologies and solutions that enable people to create, leverage, experience and preserve data. The company addresses ever-changing market needs by providing a full portfolio of compelling, high-quality storage solutions with customer-focused innovation, high efficiency, flexibility and speed. Our products are marketed under the HGST, SanDisk and WD brands to OEMs, distributors, resellers, cloud infrastructure providers and consumers. Financial and investor information is available on the company's Investor Relations website at investor.wdc.com.
© 2016 Western Digital Corporation or its affiliates. All rights reserved. Western Digital, WD, SanDisk, HelioSeal, SanDisk Edge, and Ultrastar are registered trademarks or trademarks of Western Digital Corporation or its affiliates in the US and/or other countries. microSD is a trademark of SD-3C, LLC. All other marks are the property of their respective owners.
One GB is equal to one billion bytes and one TB equals 1,000 GB (one trillion bytes). One PB is equal to 1,000 TB (one quadrillion bytes). Actual capacity will vary depending on operating environment and formatting. Usable capacity will vary from the raw capacity due to object storage methodologies and other factors.
This news release contains certain forward-looking statements, including statements related to HDD, SSD and 3D NAND technologies, including development, capabilities and capacities, performance improvements, transition to 3D NAND technology, applications, timing and availability of products, commercial volume production, and customer product sampling and shipment. There are a number of risks and uncertainties that may cause these forward-looking statements to be inaccurate including, among others: volatility in global economic conditions; business conditions and growth in the storage ecosystem; impact of competitive products and pricing; market acceptance and cost of commodity materials and specialized product components; actions by competitors; unexpected advances in competing technologies; our development and introduction of products based on new technologies and expansion into new data storage markets; risks associated with acquisitions, mergers and joint ventures; difficulties or delays in manufacturing; and other risks and uncertainties listed in the company’s filings with the Securities and Exchange Commission (the “SEC”), including the company’s Form 10-Q filed with the SEC on Nov. 8, 2016, to which your attention is directed. The company undertakes no obligation to update the information in this release in the event facts or circumstances change after the date of this release.